Bhutan Implements IMF’s Enhanced General Data Dissemination System

Why Bhutan why? It is one country which has rejected the so called modern economic system.

A mission of the International Monetary Fund’s Statistics Department visited Thimphu during April 5 – April 11, 2017, to assist Bhutan with the implementation of the Enhanced General Data Dissemination System (e‑GDDS), which was endorsed by the IMF’s Executive Board in May 2015. The mission helped develop the National Summary Data Page (NSDP), utilizing the Statistical Data and Metadata Exchange (SDMX). This makes Bhutan one of the first countries in the Asia and Pacific Region to implement the recommendations of the e-GDDS.

The NSDP is posted on the National Statistics Bureau’s website. A link to Bhutan’s NSDP is available on the IMF’s Dissemination Standards Bulletin Board (DSBB) at http://dsbb.imf.org.

Publication of essential macroeconomic data through the new NSDP will provide national policy makers, domestic and international stakeholders, including investors and rating agencies–with easy access to information that the IMF’s Executive Board has identified as critical for monitoring economic conditions and policies. Making this information easily accessible will allow all users to have simultaneous access to timely data and will bring greater data transparency.

The authorities are very pleased that Bhutan has achieved this important milestone in its quest for dissemination of quality statistics following international data standards.

This blog is not as happy..

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